Standard Chartered Arm to Buy 9.8% of Topaz Energy for $75 Million

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Nicolas Parasie DUBAI--Dubai-based Topaz Energy and Marine said Wednesday that Standard Chartered PLC's (2888.HK) private equity arm has acquired a 9.8% stake for $75 million to help fund the expansion plans of the offshore services company. Topaz said the ...

Dollar Hits Multi-Month Highs as US Econ Seen Improving

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Kosaku Narioka The dollar rose against other major currencies on Wednesday in Asia following strong U.S. housing data and as geopolitical tensions eased in Eastern Europe. The greenback hit a four-month high against the yen and the British pound ...

Australia's Central Bank Keeps Currency Intervention as Option

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By James Glynn SYDNEY--Australia's central bank Gov. Glenn Stevens said intervention in currency markets to help drive the Aussie dollar lower remained a real option. Speaking to a parliamentary committee Wednesday, Mr. Stevens also said that the chance of a ...

German PPI Decreases on Month

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

FRANKFURT--Factory-gate prices in Germany fell more than expected in July as energy prices continued to depress the index, suggesting further downside risks to the inflation outlook, data from the country's statistics office showed Wednesday. The producer price index decreased by ...

Germany Factory-Gate Prices Fall More Than Expected in July

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

FRANKFURT--Factory-gate prices in Germany fell more than expected in July as energy prices continued to depress the index, suggesting further downside risks to the inflation outlook, data from the country's statistics office showed Wednesday. The producer price index decreased by ...

Argentina Moves to Pay Exchange Bondholders

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

BUENOS AIRES--Argentine President Cristina Kirchner said Tuesday night that her administration will seek congressional approval to make payments on its international bonds in Argentina after a creditor dispute in U.S. courts led the country to default on some of its ...

Thai Industrial Sentiment Rises for Third Straight Month in July -- Update

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Nopparat Chaichalearmmongkol BANGKOK--Industrial sentiment in Thailand rose for a third straight month in July as the military government's economic plans became more clear. The monthly Thai Industries Sentiment Index, from the Federation of Thai Industries, showed that sentiment rose ...

Japan Exports Log Modest Rise in July

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

TOKYO--Japan's exports rose in July for the first time in three months, but imports were unexpectedly robust, leading to a larger-than-expected deficit amid a gradual pickup in global economic growth. Both the government and the Bank of Japan are keeping ...

Nymex Crude Remains Choppy, Brent Largely Rangebound

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

By Eric Yep Crude-oil futures were mixed in Asian trade Wednesday with Nymex WTI rebounding after a sharp drop overnight, while Brent continued to trade within a narrow price range. On the New York Mercantile Exchange, light, sweet crude futures ...

RBA Keeps Currency Intervention as Option

TODAY: Aug. 20, 2014 PUB DATE: Aug. 20, 2014

SYDNEY--Australia's central bank Gov. Glenn Stevens said intervention in currency markets to help drive the Aussie dollar lower remained a real option. Speaking to a parliamentary committee Wednesday, Mr. Stevens also said that the chance of a significant drop in ...

MARKET SNAPSHOT: U.S. Stocks: Futures Extend Gains After Housing Starts

TODAY: Aug. 20, 2014 PUB DATE: Aug. 19, 2014

By William Watts and Barbara Kollmeyer, MarketWatch NEW YORK (MarketWatch) -- U.S. stock futures hit new premarket highs after a stronger-than-expected jump in July housing starts, adding to upside momentum sparked by a stronger tone in Europe and positive earnings. ...

CURRENCIES: Dollar Fails To Hold Strength In Wake Of U.S. Data

TODAY: Aug. 20, 2014 PUB DATE: Aug. 19, 2014

By Hiroyuki Kachi The dollar was almost flat against the yen in Asia Tuesday, with the greenback unable to extend overnight strength in the wake of better-than-expected U.S. housing data. The dollar (USDJPY) rose to Yen102.60 from Yen102.56 late Monday ...

CURRENCIES: U.S. Dollar Index Climbs To 11-month High

TODAY: Aug. 20, 2014 PUB DATE: Aug. 19, 2014

By Ben Eisen, MarketWatch , Hiroyuki Kachi NEW YORK (MarketWatch) -- A widely-watched U.S. dollar index was on track to close at its highest level in nearly a year on Tuesday as the greenback mounted a tepid climb against its ...

BOND REPORT: Treasurys Rise After CPI, Housing Data

TODAY: Aug. 20, 2014 PUB DATE: Aug. 19, 2014

By Ben Eisen, MarketWatch NEW YORK (MarketWatch) -- Treasury prices climbed Tuesday after U.S. economic data showed benign inflation and a surge in housing starts, lending support to the Federal Reserve's low-rate policies. The 10-year Treasury note (10_YEAR) yield, which ...

Crude-Oil Futures Bounce in Europe

TODAY: Aug. 20, 2014 PUB DATE: Aug. 19, 2014

By Francesca Freeman Crude-oil futures rose in Europe Tuesday, bouncing after the previous session's slump. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at $96.70 a barrel in morning European trade, up $0.29 ...

Euro Zone's Current Account Surplus Narrows

TODAY: Aug. 20, 2014 PUB DATE: Aug. 19, 2014

FRANKFURT--The euro zone's current account surplus narrowed in June, according to data published Tuesday by the European Central Bank. The current account balance, a broad measure of an economy's international financial position, was in a surplus of EUR13.1 billion in ...